Nextedia S.A. (ALNXT.PA) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+181.1%

€0.70

vs €0.25 price

Levered DCF

€0.51

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

1.58

Distress zone

Rating

A-

Overall 4 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	15.91×	11.26×	46.77×	10.29×	24.6×	17.26×	22.65×	8.76×
P/B	0.5×	0.56×	0.78×	0.96×	1.5×	1.73×	1.27×	1.16×
P/S	0.26×	0.26×	0.37×	0.52×	0.74×	1.55×	0.61×	0.55×
EV / EBITDA	5.89×	4.62×	12.16×	8.25×	11.37×	14.98×	14.89×	7.45×
Gross margin	14.4%	55.4%	16.7%	18.0%	33.9%	43.7%	51.1%	51.7%
Operating margin	3.3%	4.8%	4.3%	6.4%	6.6%	5.9%	5.3%	8.1%
Net margin	1.6%	2.4%	0.8%	5.0%	3.0%	9.0%	2.7%	6.3%
Current ratio	1.23×	1.18×	1.29×	1.13×	1.19×	0.85×	0.91×	0.84×
Debt / equity	0.15×	0.22×	0.29×	0.23×	0.28×	0.3×	0.18×	0.22×
Interest coverage	7.01×	10.17×	5.55×	30.88×	55.4×	51.02×	217.16×	69.27×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	3.1%	4.9%	1.7%	9.3%	6.1%	10.1%	5.6%	13.3%
Return on invested capital	3.6%	6.1%	4.4%	8.3%	5.8%	4.9%	9.3%	12.8%
Return on assets	1.7%	2.5%	0.8%	4.6%	2.7%	4.8%	2.6%	5.7%
Free cash flow yield	2.2%	14.8%	5.5%	-4.6%	9.7%	6.9%	-2.5%	3.1%
Earnings yield	6.3%	8.9%	2.1%	9.7%	4.1%	5.8%	4.4%	11.4%
Enterprise value	€12.6M	€14.1M	€22.1M	€28.5M	€33.1M	€39.9M	€15.1M	€12.7M
Net debt / EBITDA	-1.47×	-1×	-0.3×	0.27×	-1.48×	-0.15×	0.28×	0.12×
Cash conversion cycle (days)	26	23	29	38	6	-25	41	52